--ConocoPhillips is in advanced negotiations to buy Marathon Oil in a deal which would value the target company at just over its current $15 billion valuation, FT reports.

--Talks could still fall apart, or a rival bid may be made for the Houston-based company, according to FT.

--The transaction would be the latest in a string of large deals which have reshaped the U.S. energy sector over the past eight months, FT reports.


Full story: https://shorturl.at/Wr3Mj


Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com


(END) Dow Jones Newswires

05-29-24 0352ET